Visa Inc received approval to begin preparations to establish a domestic bank card clearing business in China, teeing up the firm to potentially follow rivals Mastercard Inc and American Express Co in serving the nation’s massive payments market.

Visa approved to prepare domestic payments business in China

AS a pioneer in terrestrial communication 2G-4G as well as orbital communication of ‘Iridium’ satellite communication for many years, satellite communication sounded to  me to be like a technology for astronauts, remote villages, ships, aircraft, or military operations. It was useful, but distant from everyday business life. That is changing fast. The recent Starship test flight by SpaceX shows why satellite-based communication may become one of the most important foundations of the future digital economy.

Opinion: Satellite communication is moving from vision to business reality

Malaysia needs to brace itself for the Super El Niño phenomenon, which is expected to bring scorching weather between March and May next year, potentially breaking the country's record high temperature of 40.1 degrees Celsius.

MetMalaysia: Super El Niño could push temperatures past 41°C in 2027

It was a Wednesday evening in late September and analysts covering New World Development Co were getting antsy. The cash-strapped Hong Kong developer was late to report its earnings and executives had not shown up to a scheduled briefing.

Hong Kong lifeline buys Cheng family time to save New World

SEOUL (Oct 13): Eight people were wounded in a stabbing incident at a supermarket in the South Korean city of Incheon on Tuesday, with one person suffering cardiac arrest, police said.

Eight people hurt in supermarket stabbing in South Korea's Incheon, police say

Technology

NEUTRAL

MBSB INVESTMENT BANK (SEPT 29): The global semiconductor sales for the month of July grew by 135.1% year on year (y-o-y) and 6.4% month on month (m-o-...

Brokers Digest: Local Equities - Technology, Southern Cable Group Bhd, Yinson Holdings Bhd, AWC Bhd

BEIJING (Oct 13): China's third-quarter smartphone shipments fell 15.4% from a year earlier to 57.9 million units, research firm IDC said on Tuesday.

China smartphone shipments fall for sixth straight quarter — research firm IDC

GDANSK (Oct 13): STMicroelectronics said on Tuesday that its supervisory board had proposed CEO Jean-Marc Chery to stay on in the role for another year.

STMicroelectronics seeks one-year renewal for CEO Chery

The government is considering requiring data centre operators to generate their own electricity as part of a review of the sector’s energy and water consumption, Deputy Energy Transition and Water Transformation Minister Datuk Seri Abdul Rahman Mohamad said.

Deputy minister proposes data centre operators generate their own power as govt reviews energy, water use

BANGKOK (Oct 13): Britain needs to ensure it sticks to its deficit reduction plans as government borrowing soars elsewhere, the International Monetary Fund (IMF) warned on Tuesday, just over two weeks before finance minister John Healey delivers his first annual budget.

Britain needs to keep deficit reduction on track, IMF says

KUALA LUMPUR (Oct 13): His Majesty Sultan Ibrahim Sultan Iskandar, King of Malaysia, bought a stake in miner Southern Alliance Mining Ltd for S$6.1 million (US$4.8 million), according to a statement on Tuesday.

Sultan Ibrahim acquires 2.25% in Southern Alliance Mining in S$6.1 mil offmarket deal

Asian stocks slid to a more than two-month low on Tuesday as a sharp sell-off in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds.

Asian stocks hit two-month low on AI jitters, bonds find favour

KUALA LUMPUR (Oct 13): Genting Bhd (KL:GENTING) may need to sell non-core assets, particularly unused land, to reduce its debt burden and avoid further credit-rating downgrades, according to CreditSights.

Genting may need to sell non-core assets to avert a credit-rating downgrade — CreditSights

A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.

Opinion: Singapore can fix Southeast Asia’s haze, if it wants to

Data centre operator DayOne Data Centres Ltd has secured an additional RM15 billion in financing from a consortium of seven banks to fund the expansion of its data centre facilities in Johor, bringing its total financing arrangements to RM30 billion.

DayOne secures additional RM15b financing for Johor data centre expansion

Investors from countries including the US, China and India are interested in a new port project in southern Peru ​estimated to cost around US$844 million (RM3.4 billion), officials said on ‌Monday.

US, Chinese and Indian firms show interest in Peru's US$844m port project

The Malaysian Anti-Corruption Commission (MACC), which received a complaint on MyEG Sdn Bhd and its parent company Zetrix AI Bhd (KL:ZETRIX) last week, said investigations into the two companies are currently being handled by the police.

MACC says police investigating MyEG and Zetrix AI, will act if corruption suspected

Electrical engineering firm Jati Tinggi Group Bhd (KL:JTGROUP) fell sharply on Tuesday, having more than doubled its value since the year began.

Jati Tinggi flirts with limit-down as shares down 29%

PUTRAJAYA (Oct 13): My Digital ID Sdn Bhd&nbsp;clarified&nbsp;that its digital identity platform is not powered by any third-party blockchain technology as recently published in a media article.&nbsp;

MyDigital ID says not powered by third-party blockchain technology

A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down 7% as concerns about AI overheating and Chinese competition intensified.

Chip sell-off triggers 7% Korea rout after CEO’s ‘casino’ warning

A sell-off in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.

Singapore bank sell-off tests city-state’s safe haven status

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 13, 2026 

Putra Heights is about 45km, or a 40-minute drive, from the Sepang International Circuit (SIC). On the day of the Formula One (F1) Bahrain Grand Prix, which ended around 6.20pm last Sunday, my son and daughter got home seven hours later, at 1.30am.

For many local and overseas fans, it w...

My Say: Race over, now comes the business case for F1

KUALA LUMPUR (Oct 13): Malaysia's efforts to narrow its fiscal deficit could face challenges from persistently high subsidy costs, particularly if the US-Iran conflict continues to drive up energy prices, according to BMI, a Fitch Solutions company.

BMI sees Budget 2027 subsidy allocations posing risk to Malaysia’s fiscal consolidation

Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.

Bank stocks mired in correction into earnings as yields rise

A stronger yuan is among the most underpriced scenarios in the world’s US$9.5 trillion (RM38.8 trillion)-a-day foreign exchange market, according to Goldman Sachs Group Inc’s Kamakshya Trivedi.

Goldman says markets underestimating how far yuan can rise

KUALA LUMPUR (Oct 13): S P Setia Bhd (KL:SPSETIA) expressed support for the measures announced in Budget 2027, highlighting key initiatives aimed at home ownership, green investments and construction industry resilience

S P Setia supports Budget 2027’s focus on housing, green investment and construction resilience

BANGKOK/WASHINGTON (Oct 13): The International Monetary Fund (IMF) warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still-resilient markets.

IMF cites AI slowdown, spiking yields as looming global market risks

Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Oil falls as Russia diesel supply prospects counter Gulf supply risks

The government is considering requiring data centre operators to generate their own electricity as part of a review of the sector’s energy and water consumption, Deputy Energy Transition and Water Transformation Minister Datuk Seri Abdul Rahman Mohamad said.

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